HomeMy WebLinkAbout2006-76-02/06/2006 T i`6 `R olution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Stre Waterloo, Iowa.
RESOLUTION NO. 2006-76
. RESOLUTION APPROVING APPLICATION WITH BRIAN
FREED FOR TAX EXEMPTIONS ON IMPROVEMENTS
_ TOTALING $31, 344 . 00 FOR PROPERTY LOCATED AT
517 ROCK ISLAND AVENUE IN THE CONSOLIDATED
URBAN REVITALIZATION AREA PLAN, IN THE CITY
OF WATERLOO, BLACK HAWK COUNTY, IOWA.
'- .WHEREAS, Brian Freed has submitted an application dated
cF =uary 6, 2006 to the City Council of the City of Waterloo,
• Iowa,~ requesting to receive tax exemptions on improvements
totaling $31, 344 . 00 for property located at 517 Rock Island
7IAVeitii, more fully described as follows:
- -- -Galloway Addition Waterloo East 60 feet Lot 259 East 60
feet Lot 260 East 60 feet Lot 261, all in the City of
rVaterloo, Black Hawk County, Iowa;
WHEREAS, said property is located within the designated
Cbnolidated Urban Revitalization Area in Waterloo, Iowa, as
prevtously established by the City Council of the City of
Wateploo, Iowa,
-
WHEREAS, the improvement project respecting said property is
in conformance with the Consolidated Urban Revitalization Plan as
officially adopted by the City Council for the City of Waterloo,
Iowa, and
WHEREAS, the improvements on said property were made during
the time in which such improvements are eligible for the tax
exemption as set forth in the Consolidated Urban Revitalization
Plan as adopted by the City Council of the City of Waterloo, Iowa,
and as set forth in the Urban Revitalization Act as adopted by the
Legislature of the State of Iowa and signed by the Governor of the
State of Iowa, and
WHEREAS, said applicant is requesting the following exemption
schedule:
For the first year 100%
For the second year 100%
For the third year 100%
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF COUNCIL OF THE
CITY OF WATERLOO, IOWA, that said application is hereby approved
and the City Clerk is hereby authorized and directed to forward
said application and a copy of this resolution to the Assessor by
February 1, 2007 .
PASSED AND ADOPTED this 6th day of February, 2006.
Tim Hurley, May
ATTEST:
Nancy Eckert, MC
City Clerk